Bitcoin (BTC) failed to keep $20,000 support on Aug. 27 as fears over a sell-off by users of defunct exchange Mt. Gox added to price pressures. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Mt. Gox rumors dismissed as “typical crypto” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it headed to new six-week lows, reaching $19,766 on Bitstamp. Thin…
It’s approaching 20 years since the release of Second Life, an early stab at an immersive multiplayer universe from Linden Labs, in which people began living and working—as well as making plenty of cash along the way. Two decades on, the promise first hinted at in Second Life is nearing reality, as the persistent digital world of the metaverse starts…
India’s Enforcement Directorate (ED) has conducted searches at five premises linked to popular cryptocurrency trading platform Coinswitch Kuber. The company says its engagement with the ED was not related to any money laundering inquiry. The federal agency recently froze the assets of two other crypto firms, Wazirx and Vauld. Coinswitch Kuber Next on ED’s List The Enforcement Directorate (ED), the…
The Ethereum Merge may be right around the corner—but so is Cardano’s Vasil hard fork. Cardano is a peer-reviewed proof-of-stake blockchain which supports smart contracts and NFTs, and aims to solve global challenges surrounding identity management. Its token ADA is the No. 8 cryptocurrency by market cap, according to CoinMarketCap data. In a livestream on Friday, Cardano founder Charles Hoskinson…
Swap blockchain technology with legacy census tools, and you start seeing the foundation for what Coinbase’s former CTO Balaji Srinivasan calls The Network State. During an event hosted by CoinDCX in Bengaluru on Friday, Srinivasan explained how an online community of individuals worldwide could eventually reach formal statehood. This Network State is a group from various countries acting as a…
When Gary Gensler was sworn in as SEC Chair in April of last year, many in crypto celebrated. The general reasoning: He had taught a course called “Blockchain and Money” at MIT in 2018, so he must be friendly to crypto. They aren’t celebrating now. As I cautioned in multiple segments on Yahoo Finance last summer, teaching one class did…
With just over two weeks left until The Merge, ethereum’s value against the U.S. dollar has lost all the gains the crypto asset recorded leading up to the hardened date. In mid-August, ether managed to climb above the $2K zone but since then, the second largest cryptocurrency by market cap lost 23% over the past 14 days. Today, ethereum is…
A seed phrase might be confusing and probably you might be wondering how a seed phrase looks and maybe how it is created. The seed phrase is generated by a cryptocurrency wallet and the user has no way of customizing it. The words generated are derived from a list of 2048 words. So, how many words is a seed phrase?…
India’s financial crimes unit has taken aim at yet another crypto firm in the country. The Enforcement Directorate (ED) has reportedly accused CoinSwitch Kuber, one of India’s largest crypto exchanges, of violating India’s forex laws. The agency also investigated five CoinSwitch locations on Thursday. An unnamed spokesperson told Reuters that the financial watchdogs seized financial documents, collected information about foreign…
Dogecoin fell to a one-month low to start the weekend, as a red wave swept through cryptocurrency markets. Avalanche also dropped to a four-week low on Saturday, as the token hit a key support point. As of writing, the global crypto market cap is trading 5.46% lower. Dogecoin (DOGE) Dogecoin (DOGE) was a notable mover during Saturday’s session, as the…
